48 True Rd
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2022 | Sold | ||
| Sold | |||
| Aug 24, 2022 | Listed by Realty One Group Nest | $799,900 | |
| Listed by Realty One Group Nest | |||
| Jun 23, 2017 | Sold | ||
| Sold | |||
| Aug 26, 2016 | Sold | ||
| Sold | |||
| Apr 23, 2016 | Listed by LAER Realty Partners | $350,000 | |
| Listed by LAER Realty Partners | |||
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Engineering and perc tests have been completed to subdivide the 3.87 acres into three flat lots. The original 1880 farm house may be renovated or possibly removed for new construction. BUILDERS - are you looking for three lots on a quiet little side street? This is it! Septic design for a four bedroom home, and all permits is Byer's responsibility. Walk to Rail Trail. Signs on property. Please do not walk land without Listing Agent. Tenant in the house.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017